Paypr.work [ˈpeɪpəwəːk]

Wow, we did it! 🙌 Earlier this week, the Paypr.work [ˈpeɪpəwəːk] company page hit 8,000 followers on LinkedIn. So we couldn't quite close off this week without saying thank you to the eight thousand of you who have been following our journey, cheering on us, and engaging with our posts. Your support has been invaluable and has put us in the position we are in today. Raising our profile in the crowded social media environment has been and continues to be challenging, especially as 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐛𝐫𝐚𝐧𝐝𝐢𝐧𝐠 often takes precedence and achieves greater reach compared to a 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 𝐩𝐚𝐠𝐞. This milestone is incredibly important to us because of the amazing community that has rallied around us and helped us grow along the journey. A journey that has been immensely rewarding yet demanding— let's be honest, preserving your passion takes continuous efforts and requires real dedication and resilience. It is intense to say the least! So this is not an acknowledgement or celebration of vanity metrics, but rather a reminder to ourselves that every step forward, no matter how small, is a step worth taking. Our growth has been completely organic and we are soooo proud of what we have accomplished to date thanks to your feedback, ideas, and enthusiasm for our work. To all our payment aficionados out there, thank you for being part of our journey🫶🏽! The best is yet to come🚀 #Milestone #Gratitude #LinkedInCommunity #PayprWork --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆 𝒂𝒏𝒅 𝒉𝒐𝒘 𝒄𝒂𝒏 𝑷𝒂𝒚𝒑𝒓.𝒘𝒐𝒓𝒌 𝒉𝒆𝒍𝒑? 𝘞𝘦 𝘢𝘳𝘦 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴, 𝘩𝘦𝘭𝘱𝘪𝘯𝘨 𝘮𝘦𝘳𝘤𝘩𝘢𝘯𝘵𝘴 𝘪𝘮𝘱𝘭𝘦𝘮𝘦𝘯𝘵 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬 𝘵𝘩𝘢𝘵 𝘰𝘱𝘵𝘪𝘮𝘪𝘴𝘦 𝘵𝘩𝘦𝘪𝘳 𝘱𝘳𝘰𝘤𝘦𝘴𝘴𝘦𝘴, 𝘸𝘪𝘵𝘩 𝘳𝘦𝘭𝘪𝘢𝘣𝘭𝘦 𝘵𝘦𝘤𝘩 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴. 𝘉𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦 𝘸𝘪𝘵𝘩 𝘰𝘶𝘳 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘧𝘭𝘢𝘪𝘳, 𝘸𝘦 𝘤𝘳𝘦𝘢𝘵𝘦 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘢𝘯𝘥 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘢𝘴𝘴𝘦𝘵𝘴 𝘧𝘰𝘳 𝘧𝘪𝘯𝘵𝘦𝘤𝘩 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘭𝘦𝘢𝘥𝘦𝘳𝘴. 𝘞𝘦 𝘢𝘭𝘴𝘰 𝘥𝘦𝘭𝘪𝘷𝘦𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨 𝘪𝘯 𝘰𝘶𝘳 𝘷𝘪𝘴𝘶𝘢𝘭𝘭𝘺 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩. ✅ Follow Paypr.work [ˈpeɪpəwəːk] ✅ Intro@paypr.work ✅ https://paypr.work

Newcomer into the payment methods mix, Buy Now, Pay by the Middle of the Next Month🧐 eBay is introducing a new payment method in collaboration with Riverty, first available for shoppers in Germany, before rolling this out more widely in early 2025. The method is called ''monthly invoice" and is essentially a way for shoppers to defer payments for their purchase. All purchases made during a given month are compiled into one invoice and the shoppers have until the middle of the next month to pay the invoice. The eBay marketplace already accepts various payment methods i.e. cards, ApplePay, GooglePay, PayPal, Venmo etc. The new payment method addition is in effect a form of credit or micro-loan extended to the shoppers as they have a short-term window to buy items without paying upfront. Instead, the payment is deferred until a designated due date. The typical BNPL models (such as Klarna or Afterpay) allow shoppers to split payments over several instalments, often spread across a few weeks or months, usually with zero or low-interest costs. This new payment approach on eBay does not actually impact how sellers receive their payments. Sellers will continue to get paid according to the same payout schedules they are accustomed to, with no changes to the timing or process of receiving their funds. The market perception of BNPL services had been quite balanced. On one hand, they've gained popularity for offering convenient and flexible payment options without upfront payments. On the other hand, there has been increasing scrutiny from regulators and consumer advocates due to concerns about rising debt levels, lack of regulation, and potential financial distress to consumers who overspend. The global BNPL market was valued at $30.38 billion in 2023 and is projected to grow to $167.58 billion by 2032 (Financial Times). (💡https://lnkd.in/dzY-49fu) 👉🏽#Paymentexperts, any perspectives to share on #bnpl or #apms🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘪𝘯𝘨, 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 𝘓𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴. ⏭ Follow Paypr.work [ˈpeɪpəwəːk] ⏭ Visit https://www.paypr.work/ ⏭ Sign up to learn more: https://lnkd.in/dVXjGkzB #paymentinfographics #payprwork

🌟 Meet 5 new game-changers joining us at #mpe2025! 🌟 We’re rolling out the red carpet for five extraordinary speakers who are set to light up the stage! ✨David Parker┃Polymath Consulting Ltd. ✨Matteo Gamba ┃Wayfair ✨Flavia Alzetta ┃Soldo ✨Sandra Mianda🖇 ┃Paypr.work [ˈpeɪpəwəːk] ✨Evgeny Zaigraiev ┃PrivatBank 🚀 𝗖𝗮𝗹𝗹𝗶𝗻𝗴 𝗮𝗹𝗹 𝘃𝗶𝘀𝗶𝗼𝗻𝗮𝗿𝗶𝗲𝘀! Are you ready to share your groundbreaking ideas and inspire the audience? 𝗪𝗲 𝘄𝗮𝗻𝘁 𝗬𝗢𝗨 to join our stellar lineup of speakers! Don’t miss this chance 𝘁𝗼 𝘀𝗵𝗶𝗻𝗲! 👉🏻 https://lnkd.in/eGNN5gKd 🎤 #mpecosystem #ilovempe #mpeberlin

Online vs offline may seem like 2 generic terms but there are amongst some of the most confused terms in payments. They mean different things, whether you talk to a customer, a product expert, or a commercial person... No pun intended😁😅! Understanding payments is all about grasping the nuances and applicable context so let's clear this: 𝗢𝗻𝗹𝗶𝗻𝗲 𝘃𝘀 𝗢𝗳𝗳𝗹𝗶𝗻𝗲 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀 ◾The online and offline channels generally refer to Card-Not-Present (CNP) transactions for online activities and Card-Present (CP) transactions for in-person, offline purchases. ◾ A CP transaction is one where the card data is captured at the time of the sale through mag stripe, EMV, contactless, Apple Pay. ◾Practically all other types of transactions are deemed CNP even if the customer is physically present with the card at the time of the transaction. For example when the card PAN is keyed onto a terminal it is effectively a CNP transaction or in industry jargon a MOTO transaction [ Mail Order Telephone Order]. 𝗢𝗻𝗹𝗶𝗻𝗲 𝘃𝘀 𝗢𝗳𝗳𝗹𝗶𝗻𝗲 𝗔𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰𝗮𝘁𝗶𝗼𝗻 ◾Also referred as #EMV PIN online vs offline. ◾ In the offline PIN scenario, the card actually stores the PIN securely on the chip itself, so the verification can occur through static or dynamic data authentication between the card and the terminal. ◾The online authentication uses dynamic cryptogram to verify a transaction through to the issuer. 𝗢𝗻𝗹𝗶𝗻𝗲 𝘃𝘀 𝗢𝗳𝗳𝗹𝗶𝗻𝗲 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘀𝗮𝘁𝗶𝗼𝗻 ◾An authorisation is when the merchant submits a transaction request to the issuing bank (cardholder’s bank), who will determine if the transaction should be approved or denied. The issuing bank will decide after verifying that the cardholder has the appropriate funds or credit in their account. ◾The authorisation request request can be processed and approved by the issuer, processor, or payment scheme and is generally considered an online transaction. Offline transactions, on the other hand, are typically not authorised in real-time. They may be approved directly by the chip on the card. ◾𝗦𝘁𝗮𝗻𝗱-𝗶𝗻 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 is a service provided by the card schemes, in which they act on behalf of the issuer in the authorisation decision making at times when the processor is unable to authorise the transactions. 👉🏽#Paymentexperts, any perspectives to share on #online vs #offline #payments and #transactions🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘪𝘯𝘨, 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 𝘓𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴. ⏭ Follow Paypr.work [ˈpeɪpəwəːk] ⏭ Visit https://www.paypr.work/ ⏭ Sign up to learn more: https://lnkd.in/dVXjGkzB #paymentinfographics #payprwork

Every day, we use cards, whether digital or physical, to pay for things without giving much thought to how it all works. What fascinates me is how these cards operate, not just because they’re an everyday tool we rely on so easily, but because of the incredible complexity and coordination that happens behind the scene with every single transaction. What seems like a simple tap, swipe, or insert is actually quite a tuned system of technology, security protocols, and networks all working in sync to complete the payment in mere seconds!! This ecosystem is supported by key players, i.e. issuers, processors, acquirers, and tech providers, each working together to facilitate the transaction. In a CP scenario, the process involves several steps: 1. The POS system initiates the transaction by signalling the terminal to prepare for secure communication with the card. 2. The card insertion or tapping creates a secure connection with the terminal for data exchange. 3. The terminal and card communicate to select the correct payment application for the transaction. 4. The terminal conducts a check to ensure the card’s authenticity and prevent potential fraud. 5. At this point the customer may be prompted to enter a PIN or provide biometric verification to confirm their identity. 6. The terminal decides whether to process the transaction offline or send it online for bank approval, based on the transaction’s risk profile. 7. The EMV chip cards can override the terminal’s decision and request online processing if needed for extra security. 8. If going online, the card creates an authorisation request cryptogram as a unique, encrypted digital signature. 9. The terminal forwards the payment request, including the auth, to the payment processor and issuer. 10. The issuing bank checks the transaction data, account status, and potential fraud indicators. 11. If approved, the bank sends the authorisation response cryptogram with the response to the terminal. 12. The terminal processes the bank’s response and updates the POS with the outcome. 13. Post-auth, the issuer may send updates to the card, such as changes to spending limits etc. 14. The terminal signals that it is safe for the customer to remove the card, and finalise the interaction. 15. The terminal displays a confirmation, and a receipt may be printed to complete the process. 👉🏽#Paymentexperts, any perspectives to share on #cards🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘪𝘯𝘨, 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 𝘓𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴. ⏭ Follow Paypr.work [ˈpeɪpəwəːk] ⏭ Visit https://www.paypr.work/ ⏭ Sign up to learn more: https://lnkd.in/dVXjGkzB #paymentinfographics #payprwork

Last week, an interesting piece of news circulated around Klarna stepping into the gift card market with the launch of its UK Gift Card Store. Gift cards are a significant part of the retail economy, generating billions in sales every year. They offer convenience for consumers, boost brand loyalty for retailers, and even introduce financial advantages for businesses. According to the Gift Card & Voucher Association (GCVA), digital gift cards have taken the lead for the first time, capturing over 50% of the global market share in the first half of 2024. In the UK they are expected to reach nearly £9 billion in 2025 (the global market size in 2023 was 534 billion). There are some particularly contrasting aspects to gift cards, which we thought are interesting to note: ◾ Gift cards often result in a significant amount of underspend, similar to loyalty cards, because users sometimes forget about them, lose them, or fail to redeem the full amount. This leftover balance, which is referred to as “breakage” translates directly into revenue for businesses... and we are talking significant revenues! For instance, in the US alone, breakage revenue for gift cards is estimated at around $3 billion each year. ◾On the other end, gift cards are known to drive impulse purchases and overspend as users often view them as "free money." It is indeed fairly common for users to purchase items that exceed the card’s balance, hence increasing the sales opportunity for retailers. So gift cards act as both a revenue generator through breakage and a catalyst for incremental sales... BUT... With the rise of multichannel retailing and the expectation from consumers to seamlessly shop across platforms, many brands offer gift cards that are usable both in-store and online. This essentially introduces a new challenge... 👉🏽 ensuring accurate and synchronised real-time data updates across all channels!! Unfortunately today fraudsters are exploiting these gaps and abusing gift cards. To mitigate these vulnerabilities, the industry is increasingly implementing enhanced security measures, such as PIN codes for added authentication, real-time balance monitoring to ensure accurate usage tracking, and advanced fraud detection software to identify and prevent suspicious activities... in as real time as possible. 👉🏽#Paymentexperts, any perspectives to share on #giftcard or #klarna's entry into this space🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘪𝘯𝘨, 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 𝘓𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴. ⏭ Follow Paypr.work [ˈpeɪpəwəːk] ⏭ Visit https://www.paypr.work/ ⏭ Sign up to learn more: https://lnkd.in/dVXjGkzB #paymentinfographics #payprwork

A decade of Apple Pay already?! It’s quite striking to see how a technology that was once shrugged off as a passing tech trend has ignited a full-scale payments revolution. I remember quite well the early days of Apple Pay, as its launch coincided with my time at PayPal. At that time, mobile payments were still fairly new in the UK/Europe, and PayPal was a leading #APM for online transactions. In-Apps payments and mobile optimised checkouts were just starting to gain attention, and a lot of the industry focus was still predominantly on desktop ecommerce. Initially, the Apple Pay approach, i.e. being limited to Apple devices, seemed like it would only serve a niche audience. But it introduced something game-changing: the combined use of device-specific tokenisation and biometric authentication. In doing so, Apple Pay set a new standard for security and seamless transactions. The world of payments pre-Apple Pay was very different: ◾Cards were physical by default, i.e. swiped, inserted for chip and pin, or occasionally tapped at payment terminals. ◾In the context of mobile payments, the term "mobile wallet" was nearly synonymous with only one player: PayPal. ◾Mobile Point-of-Sale was just starting with devices like Square, iZettle or Paypal Here emerging to help small businesses accept card payments. These #mpos were designed to offer convenience and mobility for those who previously faced barriers to card acceptance. ◾ NFC was still relatively underutilised for payments and it wasn't until 2018, that Visa and Mastercard mandated for all new POS terminals in Europe to be contactless-capable. According to Juniper Research, the value of contactless payment transactions will grow by 113% over the next five years. ◾QR Codes were struggling to drive innovation in payment (i.e. in the west). In fact, QR codes were mostly associated with scanning for promotions or links, but not with paying at a restaurant or a store... although some early attempts to innovation started around that time too. The Apple ecosystem has undeniably sparked a wave of innovation, pushing the industry towards a future where seamless, secure, and flexible payments are the expected norm. This unique blend of front-end simplicity and back-end complexity is exactly what makes the payments space so dynamic and exciting. 👉🏽#Paymentexperts, any perspectives to share on #applepay or the payment evolution in the last 10 years🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘪𝘯𝘨, 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 𝘓𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴. ⏭ Follow Paypr.work [ˈpeɪpəwəːk] ⏭ Visit https://www.paypr.work/ ⏭ Sign up to learn more: https://lnkd.in/dVXjGkzB #paymentinfographics #payprwork

Tokens are poised to be the backbone of the digital economy, particularly in the context of data security. By removing the sensitive information of the card PAN (Primary Account Number) and replacing it with a random code, tokens help significantly reduce the risk of fraud and data breaches. The concept of token has in fact a long history that stretches way back before the rise of digital technology. Today tokens are used in many areas besides payments, such as security, digital authentication, and blockchain, i.e.: ◾In payments, tokens are critical for enhancing security and preventing exposure of sensitive data. ◾However, in blockchain, tokens might represent value or ownership within decentralised systems. ◾Meanwhile, in digital security, tokens authenticate users to access protected environments. Merely 10 years ago, the term "tokenisation" was rarely part of conversations with merchants. It's striking to see how much more technically acute we’ve all become, with tokenisation now seemingly part of most conversations I hear... although often framed within the context of fraud, auth and acceptance uplifts. The way tokenisation is implemented can vary depending on the payment network or technology used. The point at which tokens are created and detokenised determines how and where sensitive card data is managed. This is important because the security and compliance of the entire payment process depend on when and where the actual PAN is exposed. The PCI DSS directives (Payment Card Industry Data Security Standards) have been, since their inception, a significant driving force behind the adoption of tokens. In payments, PCI tokens are commonly used by merchants, payment processors, gateways and service providers to secure sensitive cardholder data, in compliance with PCI DSS. These tokens are securely stored in a vault and can only be used within the specific environment where they were created or issued. In recent years, there has been a growing focus on network tokens, rightly so! Network tokens are issued by card schemes (global or domestic) and offer superior features such as automatic token updates when a card is lost or expires. By being device-bound, they add an extra layer of protection by linking payment data to specific devices and are, by design, interoperable across different platforms and merchants. 👉🏽#Paymentexperts, any perspectives to share on #PCItoken vs #networktoken🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘪𝘯𝘨, 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 𝘓𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴. ⏭ Follow Paypr.work [ˈpeɪpəwəːk] ⏭ Visit https://www.paypr.work/ ⏭ Sign up to learn more: https://lnkd.in/dVXjGkzB #paymentinfographics #payprwork

❤️ meet the mpe 2025 ambassadors – voice & heart of mpe community! ❤️ mpe’s community is built on curiosity, courage, and care. Thanks to the dedicated efforts of individuals, we can bring the gift of knowledge to thousands of payment professionals across Europe and beyond.   The mpe 2025 ambassador program embodies this spirit of care - an exclusive opportunity for 20 exceptional thought leaders who are shaping the future of payments. With over 325,000 followers on LinkedIn, these ambassadors wield global influence.   🌍 who are they? Let’s give a warm welcome to: Sandra Mianda🖇 , Andre Moeller, Claire Maslen (Lines), Geoffrey Barraclough, Francesco Burelli, Neira Jones, Mangala Martinus, Daniel Kornitzer, Faheem Bakshi, Mélisande Mual, Andréa Toucinho, Neill Butcher, Dwayne Gefferie, Hagay Elyakim, Laura McCracken, Charlotte Al Usta, Panagiotis Kriaris, Candice Pressinger, Angela Yore (Tech PR), and Dr. Ruth Wandhöfer!   🔍 how can you benefit from their expertise? These industry experts represent every part of the payment value chain, from merchants to fintech pioneers. They’re not just #leaders but authentic voices from the community, helping create meaningful content that brings insights and real-world examples directly to you. Their contributions help make mpe a place where innovation thrives, from fraud prevention to the latest fintech trends.   ✨ the power of care Our ambassadors and partners play a crucial role in creating the extraordinary atmosphere that defines mpe. Their care in sharing their expertise and insights helps build a community of knowledge exchange, making the mpe experience truly spectacular.   🔥 join the conversation As we prepare for our annual #mpe2025 conference, we’ll be releasing weekly podcasts, interviews, and thought leadership content curated by these ambassadors. It’s all free and available to the entire payments community, driving discussions around the biggest challenges facing the industry. Follow #mpe2025 to stay connected and learn from the best minds in payments.   #mpeambassadors #PaymentsInnovation #FintechLeaders #mpeberlin

Safaricom PLC, the Kenyan telecom company behind M-PESA Africa recently introduced M-PESA Ratiba, a new feature that allows users to set up standing orders directly from their M-PESA wallets. At its core, M-PESA is a mobile money service that enables people to make payments, transfer money, pay bills, and access microloans without needing a traditional bank account. While M-PESA has been particularly successful in providing financial services to unbanked populations, the launch of M-PESA Ratiba is a great advancement for the African economy as it enables subscription services and unlocks new opportunities in industries that have not yet reached mass penetration in Africa, such as media, entertainment, and digital services. Underneath this, what is also interesting is how the mobile wallet technology has democratised access to financial services, turning regions with limited banking into digital finance hubs. Mobile money and mobile payments are often confused, though they serve different roles within the financial ecosystem. The confusion arises because mobile phones have become a de facto tool for financial transactions and mobile wallets can actually function both as a mobile money service and as a mobile payment solution. This overlap often blurs the lines between the two, leading to misunderstandings about their distinct roles. So here is our take: ◾Mobile money acts as a foundational financial service for unbanked populations. This service is often offered by mobile network operators and is widely used for peer-to-peer (P2P) transfers, bill payments, and even saving money. ◾Mobile payments on the other hand build on this, extending the ability to make purchases and conduct financial activities in more diverse ways. Mobile payments refer to a broader category of transactions, where a mobile device, such as a smartphone or tablet, is used to authorise or complete a payment, including those made with mobile wallets like Apple Pay or Google Pay, as well as payments made via banking apps. A mobile payments transaction can diverge into different paths depending on the technology used and the specific context of the transaction. 👉🏽#Paymentexperts, any perspectives to share on #mobilepayment vs #mobilemoney🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘊𝘰𝘯𝘴𝘶𝘭𝘵𝘪𝘯𝘨, 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 𝘓𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴. ⏭ Follow Paypr.work [ˈpeɪpəwəːk] ⏭ Visit https://www.paypr.work/ ⏭ Sign up to learn more: https://lnkd.in/dVXjGkzB #paymentinfographics #payprwork